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Market Update The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoinâs (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to the market. Data from Cointelegraph Markets Pro and TradingView shows that a mid-day attempt by bulls to lift the price of BTC back above the $40,000 level was rejected resulting in a price pullback to $37,500. BTC/USDT 4-hour chart. Source: While Tuesday s price pullback may suggest that Monday s rally was simply a short squeeze, others point to the rising Grayscale Bitcoin Trust (GBTC) premium, which is now at the highest levels in months at -5.88%, suggesting that institutions are once again betting on more BTC price upside. ....
British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook Advertisement British Pound Outlook: The British Pound has been hampered by the latest surge in COVID-19 delta variant infections, which have traders on edge that more lockdowns are possible. Both GBP/JPY and GBP/USD have rebounded from critical technical support, suggesting that further losses may be contained. Recent changes in retail trader positioning suggest a mostly mixed bias for the British Pound. Dead Cat Bounce or Second Life? ‘Freedom Day’ has come and gone for this week, but markets don’t appear to be convinced that this marked the ‘beginning of the end’ of the pandemic for the UK. With delta variant caseloads surging in recent weeks, the British Pound has been hampered relative to its major counterparts as traders are on edge that re-opening measures could be reversed. ....
The Democrat Party’s hatred for Trump and all things Trumpian went into high gear in the early morning hours after Trump’s election in 2016.   While the youngest of the Hillary supporters were wiping away their tears of defeat, the older and more experienced Obama/Clinton operatives were planning a resistance movement that would relentlessly attack Trump. Resistance started after the election, and did not start to begin to abate until after his defeat in November 2020. Its last public demonstration, to date, was Trump’s Second Impeachment associated with the alleged “insurrection” at the Capital Building. Trump was a civilian by then. ....